09/28/2012 07:30 EDT | Updated 11/28/2012 05:12 EST

Newfoundland fisheries minister says deal near on exemption for fish processor

ST. JOHN'S, N.L. - The government of Newfoundland and Labrador says it's prepared to grant an exemption so a major seafood company can ship its unprocessed product outside the province.

Fisheries Minister Darin King says the exemption is conditional on Ocean Choice International creating more employment at its plant in Fortune.

King says support must also be provided for displaced workers at Marystown and Port Union.

He says any deal will involve an agreement to opt out if circumstances change.

King says the company will also have to ensure that the Fish, Food and Allied Workers Union is included in the process.

He says an official announcement is expect soon.